Growing Support for Green Products Enhances Demand for Organic Electronics

Today, high tech products rely on organic semiconductors owing to the competitiveness and technologically advanced nature of these materials. To improve the performance and process-ability of conducting molecular systems and polymers, organic semiconductors are widely used. Thus, organic electronics hold immense potential in the area of electronic circuits. Moreover, they are extensively used in display technologies. Due to their use in OLED displays and lightings, the global market for organic electronics is expected to witness strong growth in the coming years. According to a research report by Transparency Market Research (TMR), the global organic electronics market is likely to expand at a stupendous CAGR of 32.60% between 2012 and 2018.

Q. What are the applications of organic electronics that will help drive the market?

Organic electronics are used in organic lighting, logic and memory, displays, printed batteries, organic radio frequency identification tags (RIFD), and organic photovoltaics. The OLED technology, which is a part of a broader field of organic electronics, is extensively being used in mobile phones and signage, thus driving the global organic electronics market. The growing support towards green products has caused a high demand for OLED TVs and displays, thus increasing the demand for organic electronics.

Q. What are the recent developments in the organic electronics market?

Players in the organic electronics industry are investing considerably in R&D activities and launching newer products to earn profits. For instance, FUJIFILM Dimatix has recently launched Dimatrix materials cartridge, which can deposit features as small as 20 μm to fabricate organic thin film transistors.

The National Science Foundation (NSF) started a new project in July 2016 to assess how organic semiconductor research can boost electronics. The project aims at developing organic semiconductor materials for the solar industry.

The organic solar film from Heliatek GmbH has been installed on the RWE biogas plant in Germany last month. This solar film known as HeliaFilm® allows direct application to the façade structure without requiring extra ventilation, thus opening a wide range of new industrial applications.

Q. Which region is expected to lead in the global organic electronics market?

Asia Pacific is expected to lead and account for 50% of the global organic electronics market by 2018. Europe is expected to follow to emerge as the next leading region in the organic electronics market. There are many providers of organic materials in the APAC region, which is helping the market to grow. Moreover, a large number of display manufacturers are based in the Asia Pacific region, which bodes well for the market. Additionally, Asia Pacific enjoys a huge demand for the latest technologies, organic technology being one of them. On the other hand, Europe is a leader in terms of investments in many R&D activities relating to organic electronics, which will be the factor responsible for the region’s growth in the market.

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